Posted by: A. C. Cockerill | July 6, 2015

Third Quarter Debt Check – 2015

Third Quarter Debt Check – 2015

For 3Q15, what is the current national debt, the population of the U.S.A., and the number of legal immigrants?

My two cents (but please share yours):

Hint:  http://www.usdebtclock.org/

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Responses

  1. Do you think this is one of those debts that is so immense it will never be paid off?

    • No, Mona. We can still eliminate this debt. To do so, we will have to grow our way out of debt by reviving the small-business sector. First, we must reduce the corporate tax rate (highest in the world) from 35% to at least 25%–15% would be even more competitive. Next, we must drastically cut the government regulations that are crippling small businesses (about 70% of our economy). Many of these regulations have yielded no improvement for the environment, but they have killed profits and job creation. Finally, the government–all three branches–needs to stop spending like a drunken sailor, balance the budget, and cut the massive waste that we keep hearing about every few months. Cheers, Ashley


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